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Updated RecentlyFast-Fix Jewelry Repairs vs Batteries Plus Bulbs Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Fast-Fix Jewelry Repairs vs Batteries Plus Bulbs including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $153,961 - $437,931 | $201,450 - $385,230 |
| Franchise Fee | $35,000 - $40,000 | $37,500 |
| Royalty Fee | 6% | 5% |
| Advertising Fee | 2% | 1% |
| Year Founded | 1984 | 1988 |
| Year Franchised | 1987 | 1992 |
| Term Of Agreement | 10 years | 10 years |
| Term Of Agreement | 10 years | 10 years |
| Renewal Fee | $15K | 20% of franchise fee |
Business Experience Requirements |
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| Experience | ||
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | No/No |
| Start-up Costs | No/Yes | Yes/Yes |
| Equipment | No/Yes | Yes/Yes |
| Inventory | No/Yes | Yes/Yes |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
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| Training | - | Periodic store visits & regional meetings On-The-Job Training: 84 Classroom Training: 168 Additional Training: Ongoing |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | National Account Sales Program With Standardized Pricing, On-line Order Capabilities, E-commerce, Real Estate & Store Design Support, On-going Field Support, Product Call Center, Intranet Site plus: Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Ad slicks | Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing |
| Operations |
International franchisees required to buy multiple units/master licenses; 33% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 4
Absentee ownership of franchise is NOT allowed. (98% of current franchisees are owner/operators) |
62% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4
Absentee ownership of franchise is allowed. |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | No | No |
| International Expansion | Yes | No |
Company Overviews
About Fast-Fix Jewelry Repairs
The world's largest franchisor of dedicated jewelry and watch repair services headquartered in Delray Beach, Florida operates more than 160 franchised stores in high-traffic areas of regional shopping malls throughout the United States and Canada. FAST-FIX stores specialize in offering a wide range of "while you shop" repair services including but not limited to: ring sizing, chain repair, remounting, engraving and eyeglass repair, in addition to replacing watch batteries. The company has recently announced their expansion into Ireland and the United Kingdom. FAST-FIX is recognized today as the world leader in delivering fast, efficient, professional repair work on jewelry and watches for men and women.
FAST-FIX opened its first store in Pittsburgh, Pennsylvania in 1984 with great success. Consumers responded because they didn't have to wait weeks for a repair to be completed and could see first-hand the quality and care that goes into every repair. Soon thereafter, FAST-FIX began franchising domestically, with the first franchise store opening in Dallas, Texas. After acquiring the company in 1996, Chief Executive Officer, Marvin Biltis and President, Kenneth A. Marks successfully expanded its' franchise operations from 50 to more than 160 franchised stores. Under their oversight, FAST-FIX has also achieved continued sales growth to over $56 million in 2008 and has plans to open more than 15 franchised locations annually.
The total investments necessary to begin operation of the different types of service centers are:
- Kiosk : $153,961 - $242,931
- In-Line Store : $256,961 - $437,931
- Store-in-Store (Meijer) : $ 97,961 - $167,931
About Batteries Plus Bulbs
The first Batteries Plus Bulbs store opened as Batteries Plus in Green Bay, Wisconsin, in 1988. Batteries Plus Bulbs now has stores throughout the country selling batteries and bulbs with on-site Tech Centers that design, assemble and test battery systems. Customers include individual consumers and commercial clients such as manufacturers, service businesses and government agencies.
The total investment necessary to begin operation of a Store is from
$201,450 to $385,230. This includes $108,475 to $156,625 that must be
paid to the franchisor or their affiliates. If you sign a Multiple Unit
Franchise Agreement, you also must pay us $10,000 for each Store you
commit to develop.